INFRA NEWS

Robust MUTP III allotment would be a good start: Officials

Publication: DNA Date : 19 JANUARY 2017 PAGE: 04

MUMBAI: Railway officials in the city are hoping that the Rs 10,947-crore Phase III of the Mumbai Urban Transport Project gets a substantial allotment in the forthcoming Union Budget so that the project, 

 CITY NEWS

Notional loss: MMR lost ₹9,100cr in real estate sales from Oct to Dec 2016

Publication: HINDUSTAN TIMES Date : 19 JANUARY 2017 PAGE: 03

MUMBAI: The real estate sector of the Mumbai Metropolitan Region (MMR) suffered a loss of around Rs9,100 crore as the residential market sales fell in the last three months after demonetisation

HC raps collector for `misplaced zeal'

Publication: TIMES OF INDIA Date : 19 JANUARY 2017 PAGE: 14

MUMBAI: The Bombay high court on Wednesday censured the city collector, Ashwini Joshi, for “misplaced enthusiasm'' in passing orders of seizure of property and freezing of bank account in case of land transfers.

NATIONAL NEWS

Nearly 80% of funds meant for construction workers unspent

Publication: TIMES OF INDIA Date : 19 JANUARY 2017 PAGE: 14

MUMBAI: The Centre and state governments have collected Rs 26,962 crore in the construction workers' welfare fund by levying a mandatory 2% cess on all construction work under a 20-year-old law,

REALTY NEWS

Real estate sector pins hopes on Budget to soothe demonetisation blues

Publication: BUSINESS LINE Date : 19 JANUARY 2017 PAGE: 18

NEW DELHI, JANUARY 18: The real estate sector has been hit by a double whammy — demand slump and worsened sentiments post demonetisation.

‘New regulatory framework, GST will propel private equity inflows into realty’

Publication: BUSINESS LINE Date : 19 JANUARY 2017

BENGALURU, JANUARY 18: The passage of RERA (Real Estate Regulation & Development Bill) and GST is set to boost private equity (PE) flows into the real estate market.

Mumbai among top four most expensive cities worldwide

Publication: BUSINESS LINE Date : 19 JANUARY 2017 PAGE: 18

For all the talk of how expensive it is to buy a house in London or New York, the most expensive major cities in the world are all in Asia.

Far From Realty

Publication: ECONOMIC TIMES Date : 19 JANUARY 2017 PAGE: 20

The note ban may have brought real estate developers to their knees, but house hunters are looking on keenly from the sidelines